US central bank to allow inflation rise to maximise job growth
The United States (US) central bank has shifted policy and now will let inflation rise to allow the economy to produce more jobs for the benefit of all workers, but especially lower-income families, Federal Reserve Chair, Jerome Powell said Thursday. The change means inflation can stay above the 2.0 per cent target “for some time” […]
VAT: Anxiety over inflation as firms reflect 7.5% hike
As implementation of the Value Added Tax (VAT) as spelt out in the Finance Act began yesterday, February 1, economic analysts have been raising concerns over inflation and price hikes of products and services across many sectors of the economy. A new VAT rate of 7.5 percent became effective with the signing of the Finance […]
Buffers against the emerging inflation
THE economic outlook for inflation is not favourable, and the pressure points are clear. As at the second week of December 2019, the National Bureau of Statistics, NBS, had yet to announce the inflation reading for the month of November 2019.
Nigerian inflation rises to 11.85% in November
By Emmanuel Elebeke The consumer price index, which measures inflation increased by 11.85 per cent in November 2019. The figure is 0.24 per cent points higher than (11.61) per cent, the rate recorded in October 2019. According to the National Bureau of Statistics report published on its website on Tuesday, increases were recorded in all […]
Analysts project higher inflation for November
On the other hand, analysts have projected higher inflation rate for November, and hence the fourth consecutive monthly increase in the inflation rate.
Border closure contributes to rising inflation, FG admits
By Johnbosco Agbakwuru – Abuja The Federal Government has said that closure of the nation’s borders has contributed to the rising inflation. But the government has also assured that the closure is temporary as the government expects the neighbouring countries to respect the ECOWAS protocols to enable the reopening of the borders. This was made […]
BREAKING: Nigeria’s inflation rate climbs to 11.61%
As Border closure continues to push up prices of goods and services By Babajide Komolafe The National Bureau of Statistics (NBS) said that Nigeria’s annual inflation rate rose to 11.61 per cent in October. The NBS disclosed this in its monthly Consumer Price Index October 2018 report. The inflation measures the rate of increase in prices […]
Experts attribute September inflation rate rise to border closure
Financial experts on Wednesday attributed the rise in inflation rate for the month of September to border closure and the new minimum wage. They stated this in separate interviews with the News Agency of Nigeria (NAN) in Lagos, in reaction to the September inflation figure released by the National Bureau of Statistics (NBS) on Oct. […]
Inflation rises by 0.22% to 11.24% in September — NBS
The National Bureau of Statistics (NBS), says inflation rate in September 2019 increased by 0.22 per cent to 11.24 per cent from 11.02 per cent recorded in August.
Zimbabwe’s monthly inflation fell in July
Zimbabwe National Statistics Agency on Wednesday said Zimbabwe’s month-on-month inflation fell to 21.04 per cent in July, down from 32.96 per cent in June.
NBS puts Nigeria’s inflation at 11.08% in July
The National Bureau of Statistics (NBS), said the country’s inflation measured by Consumer Price Index (CPI) stood at 11.08 per cent (year-on-year) in July 2019.
